The government Wednesday approved a Rs 4,500 crore package for the sugar industry that includes over two-fold jump in production assistance to cane growers and transport subsidy to mills for export up to 5 million tonnes in the marketing year 2018-19, sources said.

The Cabinet Committee on Economic Affairs (CCEA) approved the food ministry’s proposal that seeks to address the surplus domestic stock of sugar and help mills in clearing huge cane arrears of around Rs 13,000 crore.

The Supreme Court Wednesday declared the Centre's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions.

A five-judge constitution bench headed by Chief Justice Dipak Misra held that while Aadhaar would remain mandatory for filing of IT returns and allotment of Permanent Account Number (PAN), it would not be mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking of Aadhaar for mobile connections.

The Supreme Court on Wednesday refused to reconsider a 2006 judgement which had put conditions for granting quota benefits in job promotions for SC/ST employees.

Pronouncing the verdict, a five-judge constitution bench headed by Chief Justice Dipak Misra said that its 2006 verdict in the M Nagraj case need not be referred to a 7-judge bench.

The government has decided to pay ₹10,000 every month to those who lost their houses in the recent floods in Kodagu till permanent structures are built for them, instead of constructing temporary houses.

Speaking to media persons, Minister for Housing U.T. Khader on Tuesday said that the idea was to build model houses by spending ₹6 lakh each. The governments aim is to offer them quality houses with all facilities, he said.

Barclays Hurun Rich List 2018: The number of self-made women billionaires have swelled to 11 in India, as compared to just one in 2013, according to a report. Hurun Barclays Rich List 2018 recorded a huge surge in wealth for Indian women multi-billionaires with women multi-billionaires shot up from just five in 2013 to 136 this year. Notably, 16% of Barclays Hurun India Rich List 2018 are women of which 11 are self-made. Biocon’s Kiran Mazumdar Shaw topped the list self-made women billionaire list with a whopping Rs 22,700 crore net worth.

Mumbai AC local train may halt at more stations! From next month onwards, the Western Railway zone of Indian Railways is planning to halt the Mumbai AC local train service at Marine Lines, Charni Road and Grant Road railway stations as well. According to a DNA report, the subject of adding three more halt stations for the Mumbai AC local train was discussed at a meeting, which was held between the Western Railway authorities and passenger associations as part of the Suburban Rail Users Consultative Committee (SRUCC).

The Supreme Court is likely to pronounce its crucial verdict Wednesday on a batch of pleas challenging the constitutional validity of Centre’s flagship Aadhaar scheme and its enabling 2016 law. A five-judge constitution bench headed by Chief Justice Dipak Misra had on May 10 reserved the verdict on the matter after a marathon hearing that went on for 38 days, spanning four-and-half months.

New Delhi: IT major Infosys on Tuesday said it has deployed its Finacle banking solutions suite for Australian Military Bank (AMB).

The comprehensive digital banking solution stack has been implemented in a fully software-as-a-service (SaaS) model, hosted out of Infosys datacentres in the country, Infosys said in a statement.

State-owned insurer LIC Tuesday said it will not allow debt-ridden IL&FS to collapse and explore options to revive it.T he Life Insurance Corporation (LIC) has the largest shareholding in IL&FS. IL&FS Financial Services, a group company of IL&FS defaulted on one of its commercial paper (CP) issuances due for repayment on Monday. This was the third default by the company.

'Are you sure you want me to book you on a return ticket on Air India?’ Anurag, my ever-so-helpful and slightly-alarmed travel agent asked. I said yes. ‘It’s not all as bad as you make it out to be.’ I’d been on Air India flights before, that too economy, how bad could business class be? It is our national carrier, they fly 777s and 787s - business class promises fully flat seats where you could expect to be relatively comfortable and even get in a night’s sleep.

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